Cloud Computing Through Integration: Realizing the Value Proposition

Cloud computing continues to dominate conversations in the banking industry worldwide, and the cloud concept is gaining increased visibility among banking IT executives. Cloud computing is a model for provisioning and consuming IT capabilities on an as-needed basis, allowing the cost to shift from a capital expenditure to an operating expense and making it possible for organizations to become more agile. Most financial institutions—especially the largest ones—are under extreme pressure from regulators to make immediate changes to their processes, risk management procedures, reporting capabilities, and levels of transparency. Many are therefore turning to packaged-integration providers to migrate and integrate both on-premise and cloud-based applications.